Signing The Letter of Intent to Purchase Tensho Poland Corporation

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Letter of intent concerns purchase of Tensho Poland Corporation Ltd. (TPC). The purchase includes buying 80% of the shares for € 1.6 million which are redeemed from Mitsui & Co. Limited, Mitsui & Co. Deutschland, Tensho Electic Industries Co. Ltd., Sanko Corp. Ltd and from the acquisition of TPC € 9 million interest debt. This constitutes to €10.6 million.
TPC manufactures high-quality plastic products, including components for TV industry (both external and internal assembly parts), automotive, packaging and other products for logistics (plastic pallets containers, boxes) as well as containers for medical waste.
 

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